Solar Panel Breakthrough Could Mean Huge Energy Savings

By We Photo Booth You

Green energy needs all the help and support it can get in Australia right now. Scientists in Sydney are certainly helping the renewable energy cause. What if within 10 years, solar-generated electricity could overtake coal as a cheaper form of energy?

A breakthrough has been made regarding the efficiency of solar panels, meaning potentially huge savings in green energy. Traditional methods employ only one solar cell, which limits the conversion of sunlight to electricity to just over 30 percent. This new technology splits the sunlight into four different cells, boosting the conversion levels to more than 40 percent. These record efficiency levels were reached in Sydney and replicated at the United States government’s National Renewable Energy Laboratory, validating the discovery.

"This is the highest efficiency ever reported for sunlight conversion into electricity," UNSW Professor Martin Green said in a statement. "We used commercial solar cells, but in a new way, so these efficiency improvements are readily accessible to the solar industry."

RayGen Resources, an Australian company for solar power towers, will be employing the prototype technology. The solar power towers use large, sun-tracking mirrors to focus sunlight on tall buildings.

Although the current discovery is geared more towards commercial and large-grid energy, Professor Green is looking forward to the renewable energy technology being used in residential areas on people’s homes. These solar panels currently have a 15 to 18 percent efficiency rate.

"The panels that you have on the roof of your home, at the moment they just have a single cell but eventually they'll have several different cells... and they'll be able to improve their efficiency to this kind of level," he told AFP.

Information sourced from News 24.

Share

Featured Articles

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

From office shut-downs and extra days off, to shorter weeks and work-from-anywhere policies, flexibility is the work perk must-have for summer – and beyond

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga

Technology

People Moves: Pine Labs, Deutsche Bank, McKinsey, Fortinet

Leadership & Strategy